26. Farr Company pur Farr Company purchased a new van for floral deliveries on January 1, 2017. The van cost $56,000 with an estimated life of 5 years and $14,000 salvage value at the end of its useful life. The double-declining balance method of depreciation will be used. What is the depreciation expense for 2017 a. $11.200 b. $8,400 C. $16.800 d. $22,400 27. Mott Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $48,000 that will produce an estimated 100.000 units over its useful life. Estimated salvage value at the end of its useful me $4,000. What is the depreciation cost per unit? a. $4.40 b. $4.80 c. $0.44 d. $0.48 Depreciation is the process of allocating the cost of a plant asset over its service life in a. an equal and equitable manner. b. an accelerated and accurate manner. c. a systematic and rational manner. d. a conservative market-based manner